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The Office of Financial Aid administers primary state and federal financial aid programs for college students, including grants, loans, and work aid. To be considered for financial aid, students must file the Free Application for Federal Student Aid (FAFSA). Go to www.fafsa.ed.gov to complete the Free Application for Federal Student Aid (FAFSA) and list Geneseo’s federal school code - 002845. Students that are NY State residents should also complete a NYS Tuition Assistance Program (TAP) application at www.tapweb.org. Prospective early decision applicants should apply by November 15 and will receive financial aid notices beginning in mid-December; regular decision candidates should apply by February 1 and be notified in March. Continuing students should apply by February 15 and be notified in mid-March.
Federal Financial Aid Programs
Federal Pell Grant
Pell is an entitlement program for undergraduates matriculated in a degree program. Awards are based on need and may be used for college-related expense. For 2017-2018 the maximum award is $$5,920. The minimum Pell grant award is is $606. Students are limited to 12 semesters of Federal Pell Grant eligibility during their lifetime or may be awarded up to the first bachelor’s degree, whichever comes first.
Federal Supplemental Educational Opportunity Grant (FSEOG)
This program provides additional grant assistance to the highest need Pell Grant recipients. Preference is given to early FAFSA filers. Funds are limited.
Federal Work-Study Program (FWS)
This work program for students demonstrating significant financial need primarily includes positions on campus. Whenever possible, placements are made in accord with students’ educational/vocational goals. Students typically can earn about $750 per semester. Preference is given to early FAFSA filers.
Federal Perkins Loan
Eligible undergraduate students may borrow a low interest loan for expenses related to the completion of the bachelor’s degree. Limited funds are available; preference is given to full-time students. Students are permitted up to a ten-year repayment period. The repayment schedule depends upon the total borrowed; the minimum payment is $40 per month, which includes 5% interest on the unpaid balance. The loan is fully deferred while maintaining at least half-time enrollment. Perkins Loans may be canceled for those employed full-time in law-enforcement, or as teachers in schools designated by the Department of Education as serving low-income families, or in a Federal Head-Start Program. The Federal Perkins Loan program is set to expire after the 2017-2018 academic year
Federal Direct Subsidized Stafford Loan
This federal, need-based subsidized loan is available to undergraduate students only. Loan eligibility is determined by the college, based on costs and the results of the FAFSA This low interest loan (fixed rate at 4.45% for 2017-18) becomes payable once the student graduates, withdraws, or drops below 6 credit hours.
Federal Direct Unsubsidized Stafford Loan
This loan is available to all eligible undergraduate and graduate students, regardless of income and expected family contribution. The unsubsidized loan’s terms and conditions are the same as the subsidized loan, with the exception 1) interest accrues on this loan while the student is enrolled and 2) the interest rate for graduate students is 4.45% for 2017-18. Please refer to the Office of Financial Aid website for more information.
Federal Direct Parent Loan for Undergraduate Students (PLUS)
This loan will allow parents of dependent students to borrow up to the cost of education minus other financial aid. The interest rate for 2017-18 is 6.0% and parents may borrow each year that a dependent student is in college. The interest and principle payments for the loan begin after the funds are disbursed. Parents may request a forbearance to avoid making payment while the student is enrolled. Complete details are available from www.studentloans.gov.
Veterans’ Administration
Eligible veterans and children or spouses of eligible deceased or service-connected, disabled veterans may be eligible for aid for approved post-secondary study. Information and application forms are available at all Veterans’ Administration Offices.
Bureau of Indian Education
The U. S. Bureau of Indian Education’s Higher Education Grant offers “supplemental financial assistance to eligible American Indian and Alaska Native scholars…” Awards vary based upon need and availability of funds. More information is available through students’ tribal
leaders and at www.bie.edu.
New York State Financial Aid Programs
Tuition Assistance Program (TAP)
TAP is a grant program for New York State residents attending approved colleges in the State. Students must apply annually for this grant using the Free Application for Federal Student Aid (FAFSA). TAP award amounts are based on New York State net taxable income and the number of family members attending college full time. Awards range from $500 to $5165 for up to eight semesters of full-time study. TAP recipients also receive a SUNY Tuition Credit from Geneseo, an additional grant based on the TAP award amount, intended to assist students in covering tuition increases In addition to TAP, the State of New York offers 15 other scholarships and awards. Information is available at www.hesc.com.
Excelsior Scholarship
NY State residents that meet the income and academic criteria of the Excelsior Scholarship my qualify for free tuition. For more information on Excelsior or to apply go to www.hesc.ny.gov.
Educational Opportunity Program (EOP)
EOP admits undergraduate students who are academically and economically disadvantaged as defined by program guidelines. EOP awards annual grants to students in the program. EOP is available only to New York State residents. The FAFSA form is used to determine financial eligibility. Contact SUNY Geneseo’s Access Opportunity Program Office at (585)245-5725 with specific questions.
Scholarships
All students accepted for freshmen and transfer admission are automatically considered for scholarships by the Admissions Office. Continuing students can apply for scholarships during the fall semester. Contributions made through The Geneseo Foundation provide both endowed and non-endowed scholarships for qualifying Geneseo students.
Satisfactory Academic Progress (SAP) (for Financial Aid)
Students must meet prescribed standards of academic progress in order to continue to receive Federal and State financial assistance in subsequent semesters. Compliance with State standards is reviewed each semester; Federal standards are reviewed every May.
Below are the criteria used to assess state academic progress.
State Standards of Academic Progress 2011 and Beyond
| End of Semester |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
| Required Sem. Hrs.of Graded (non-W’s) credit |
6 |
6 |
9 |
9 |
12 |
12 |
12 |
12 |
12 |
| Required Minimum Cumulative Hrs. Earned |
6 |
15 |
27 |
39 |
51 |
66 |
81 |
96 |
111 |
| Minimum Cumulative Grade Point Average |
1.50 |
1.80 |
1.80 |
2.00 |
2.00 |
2.00 |
2.00 |
2.00 |
2.00 |
Failure to Meet State Standards
A student that fails to meet the academic standards for NYS financial aid will be notified by mail. Notices will be sent upon completion of the term once grades are submitted and reviewed.
Reinstatement of State Eligibility
Students who lose their eligibility for New York State financial aid for failing to meet the standards listed above may apply to have their State financial aid eligibility reinstated. If approved, state aid will be reinstated. Such a waiver can be granted only one time in a student’s undergraduate academic career. In order to apply for an appeal (see Appeal Process), the student must demonstrate that an unusual/extenuating circumstance existed while the student was enrolled at SUNY Geneseo and had affected his/her academic performance; that the circumstance is now resolved or no longer exists; and provide documentation of the circumstance.
Federal Financial Aid Standards of Academic Progress
Federal financial aid regulations assess progress on using three criteria - Pace, Grade Point Average (GPA), and Maximum Time-frame.
Pace of Progression
A student’s pace is calculated by dividing the number of hours earned by the total number of hours attempted.
- A student must complete at least 67% (rounded up to the nearest credit) of all cumulative attempted credit hours to continue receiving federal student aid.
Grade Point Average
- To maintain eligibility for federal aid, a student must earn a minimum 2.0 Cumulative GPA.
Maximum Time frame
- Federal aid cannot be paid to a student who exceeds 150% of the published length of the degree program (typically 120 credits).
All credits attempted at SUNY Geneseo, even terms in which the student did not receive financial aid, are included in attempted credits including all W, I, E, F and U grades. Transfer credits accepted by SUNY Geneseo will be included as both credits attempted and credits completed. Transfer credits not accepted are not considered. Withdrawals are also included in the attempted credits calculation. Incompletes will not be included until a grade has been assigned. Repeat courses are counted once. Note: Students receiving financial aid should consult the Financial Aid Office before repeating a course; repeating courses may have an impact on financial aid eligibility.
Failure to Meet Federal Standards
Financial Aid Suspension
If a student fails to maintain satisfactory academic progress for federal aid, the student will be placed on Financial Aid Suspension. Students on suspension are not eligible for federal financial aid. This includes grants, loans and work study.
Reinstatement of Federal Eligibility
The College may consider exceptional circumstances which would justify an appeal allowing the student to receive financial aid for the following semester. Students that wish to appeal should following the instructions under the Appeal Process below.
Appeals for federal aid will result in one of three decisions:
- Financial Aid Probation - A student whose appeal is granted will be put on Financial Aid Probation and will regain eligibility for federal aid. If after the next semester the student still does not meet the SAP standards, they will be ineligible for further aid until they do.
- Financial Aid Probation with an academic plan - A student whose appeal is accepted who will not be able to regain satisfactory academic standing in one semester will be placed on Financial Aid Probation with an academic plan. Plans will vary depending on academic record. Upon completion of a semester on an academic plan, a student must meet all terms of their individualized plan. If they do not, they will lose future eligibility for all federal aid.
- Loss of Eligibility - If an appeal is denied, the student will be ineligible for further aid until they meet the SAP standards.
Appeal Process
An appeal is the process by which a student who is not meeting SAP standards petitions the school for reconsideration of their eligibility for student aid. Appeals will be granted in accordance with the following policy:
An appeal for federal and/or state aid will be granted if situations beyond the student’s control prevent the student from maintaining satisfactory academic progress. These situations must be documented by an unbiased third party or on- or off-campus agencies. The appeal will be granted only when there is reasonable expectation that the student will meet future academic requirements.
Reasons appeals may be granted include:
- personal medical problems
- family medical problems
- severe personal problems
- other extenuating circumstances beyond the control of the student
Third party documentation is required in all requests. Appeals will not be granted to students who reduce their course loads to avoid academic difficulty.
To apply for an appeal, submit a written request detailing the extenuating circumstances that interfered with your academic progress and how your circumstances have changed so that you may now meet the standards for academic progress. A statement simply requesting an appeal is insufficient. This statement must be accompanied by third party documentation supporting the given reasons for failing to maintain academic progress. These materials must be postmarked by the date specified in the notification letter and should be sent to:
Director of Financial Aid
Financial Aid Appeal Committee
Erwin 104
The Financial Aid Appeal Committee will review the student’s request and supportive documentation. The student will be notified in writing of the Committee’s decision. The decision regarding the appeal is final.
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